and why i'll short 46.5k. seems like the popular convention when charting in general is to draw your trendlines at wicks, but anomalous assets deserve more individualized analysis. since volatility is an important characteristic of crypto assets, i thought that meant even candle bodies should be looked at with a grain of salt. i decided to use "volatile bodies ~= nonvolatile wicks" as a working hypothesis and drew trendlines accordingly.
i also kept in mind that it doesn't necessarily matter where you draw them as long as you can interpret them. so w/e i wish good luck for everyone else too, bears and bulls alike
i also kept in mind that it doesn't necessarily matter where you draw them as long as you can interpret them. so w/e i wish good luck for everyone else too, bears and bulls alike
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fwiw you can go back to my first chart and see this line. you can also see where i learned about "lock all drawing tools" after i accidentally moved that trendline on my "it will rain upwards" post.
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nvm i drew this sometime mid january. "🤔" shows it well